Trident Corp

question 7

Multiple Choice

Trident Corp., has debt of $3.35 million with an interest rate of 6.875 percent. The company has an EBIT of $2,766,009. What is its times-interest-earned ratio? Round your final answer to nearest number.

• A) 13 times
• B) 12 times
• C) 11 times
• D) None of the above

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Definitions:

Olfactory

Pertains to the sense of smell.

Myelin Sheath

A layer of fat cells that encases and insulates most axons.

Dendrite

Extensions of neurons that receive signals from other neurons, playing a crucial role in the transmission of neural information.

Nucleolus

A small dense spherical structure in the nucleus of a cell during interphase, involved in the production and assembly of ribosomes.